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Days on market can vary dramatically even within the same city—this week’s map of Indianapolis shows how some ZIP codes move fast while others take much longer to sell. Here's a detailed look at how time on markets varies in four cities.
There is a big difference in how long homes stay on the market north and south of 96th Street. In the last three weeks, homes on the Hamilton County side of the border are selling in a week or two. South of 96th Street, time on market is 4-6 weeks. South of 71st Street (46220), the pace picks up. Homes sold in 13 days on average.
Homes sell faster south of Ewing Avenue in South Bend and the St. Joseph River in Mishawaka. In 46613, the three-week average is 52 days on market. In 46614, south of Ewing Avenue, that pace drops to only 10 days. In 46544 (Mishawaka) the pace is even faster—just six days on market.
Homes are selling faster in New Albany compared to Clarksville and Jeffersonville. In 47150, the three-week average time on market is 12 days. It's one month on the east side of Silver Creek where 47129 and 47130 are located.
In Fort Wayne, Downtown homes are selling more slowly than most of the surrounding areas. Though only nine homes have sold in 46802, the median days on market has ranged from one month to three months or more over the past few weeks. North of the St. Mary's River (46808), homes sell in one week on average. North of the Maumee River (46805), they sell in three weeks.